Call reports 2016
WATCH HILL BANK — 2016
What WATCH HILL BANK reported to the FFIEC in 2016, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Total assets | 119,279,000 | 119,061,000 | 124,324,000 | 128,605,000 |
| Total loans | 98,570,000 | 103,343,000 | 110,744,000 | 108,950,000 |
| Allowance for loan losses | 1,633,000 | 1,635,000 | 1,632,000 | 1,636,000 |
| Securities available for sale | 3,673,000 | 3,465,000 | 3,308,000 | 3,525,000 |
| Securities held to maturity | 1,179,000 | 986,000 | 489,000 | 349,000 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 80,848,000 | 77,788,000 | 79,515,000 | 86,073,000 |
| Interest-bearing deposits | 76,364,000 | 74,247,000 | 74,317,000 | 81,705,000 |
| Noninterest-bearing deposits | 4,484,000 | 3,541,000 | 5,198,000 | 4,368,000 |
| Equity capital | 14,847,000 | 14,896,000 | 15,005,000 | 15,158,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Interest income | 1,025,000 | 2,043,000 | 3,138,000 | 4,266,000 |
| Interest expense | 314,000 | 622,000 | 911,000 | 1,200,000 |
| Net interest income | 711,000 | 1,421,000 | 2,227,000 | 3,066,000 |
| Noninterest income | 170,000 | 249,000 | 401,000 | 523,000 |
| Noninterest expense | 819,000 | 1,604,000 | 2,390,000 | 3,162,000 |
| Provision for loan losses | 0 | 0 | 0 | 0 |
| Pretax income | 62,000 | 67,000 | 239,000 | 428,000 |
| Income tax | -680,000 | -713,000 | -660,000 | -619,000 |
| Net income | 742,000 | 780,000 | 899,000 | 1,047,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2016Q1 | 2016Q2 | 2016Q3 | 2016Q4 |
|---|---|---|---|---|
| Tier 1 capital | 14,258,000 | 14,262,000 | 14,434,000 | 14,685,000 |
| Total capital | 15,198,000 | 15,243,000 | 15,512,000 | 15,787,000 |
| Risk-weighted assets | 74,215,000 | 77,535,000 | 85,406,000 | 87,420,000 |